Finschia: FNSA tokens and governance will transition to Kaia after Kaia mainnet launch

On August 19th, Finschia announced that after the approval of the FGP-23 proposal, Finschia and Klaytn have decided to merge their mainnets. Through this integration, Finschia's token and governance will transition to Kaia mainnet after it launches. To ensure a seamless transition, FNSA's inflation will stop on August 26th, 2024. The conversion rate from FNSA to KAIA is approximately 148:1 (148.079656:1=KAIA:FNSA).

Previously, Finschia stated that with the establishment of the KaiaDLT Foundation in the Dubai International Financial Center and the Abu Dhabi Global Market (ADGM), most of the preparation work for the Kaia mainnet launch has been completed, and it will go live on August 29th, 2024.